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Question
The components of Computerised Accounting System refers to ______.
Options
Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account.
From data entry to preparation of final statements.
Transformation of the manual accounting system to CAS.
None of the above.
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Solution
The components of Computerised Accounting System refers to business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account.
Explanation:
A Computerised Accounting System (CAS) mirrors the complete manual accounting cycle digitally. Its core components must include every logical stage of processing data: from analysing and recording initial transactions to automatically building trial balances and final financial statements.
